We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Sunday, 19 July 09
JINDAL S&P IN TALKS TO BUY SA COAL MINE FOR RS 350-400 CR (US$ 80 - 90 MILLION)
 Economic Times reported that, Naveen Jindal-led Jindal Steel & Power (JSPL) is acquiring a thermal coal mine in South Africa, a top company executive said. The mine has reserves of more than 50 million tonne of thermal coal, which is mainly used in power generation. Though the deal size could not be ascertained, mining experts feel it could be between Rs 350-400 crore depending on the quality and grade. JSPL has interests in steel, power and mining.
“We have acquired a partially operational coal mine, which has proven reserves of around 30 million tonne. If explored further, total reserves could surpass 50 million tonne,” JSPL CEO Vikrant Gujral said. The mine was acquired from South African mining firm ESF, which has more thermal coal mines in its portfolio. The transaction is likely to be funded through a mix of debt and internal accruals.
The acquired thermal coal mine will enable JSPL to secure long term raw material requirement of its proposed power plant in Chhattisgarh while providing an option to sell the surplus coal through open access at spot prices. JSPL’s team in South Africa has already started identifying areas in the mine that have not been explored yet.
Jindal Power, a wholly owned subsidiary of JSPL, is setting up a 1,000-mw thermal power plant at Raigarh in Chhattisgarh with an investment of over Rs 4,500 crore. The parent company already owns open cast coal mines at Raigarh, which have reserves of around 100 million tonne. The mines meet coal requirement of the company’s existing captive power plant in Raigarh.
Several Indian steel firms, including JSPL, have been seeking coal assets in countries such as Canada, South Africa and Indonesia for the past several years due to lack of high quality coal in India. In 2007-08, India imported about 50 million tonnes of coal. The Planning Commission has estimated that demand-supply mismatch in coal may reach 200 million tonne by 2012, increasing country’s import-dependence
Source: Economic Times
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Tuesday, 21 July 09
NEWCASTLE COAL EXPORTS FALL 5%, SHIP QUEUE INCREASES
Bloomberg reported that, Coal shipments from Australia’s Newcastle port, the world’s biggest export harbor for the fuel, fell 5 per ...
Tuesday, 21 July 09
FIRST QUARTER COAL MARKET AND EURACOAL'S OUTLOOK FOR THE FUTURE
Euracoal reports that for the first time in many years, the world market for hard coal fell by some 8 % during the first quarter 2009. This latest E ...
Monday, 20 July 09
CHINAS COAL DEMAND, OUTPUT TO PICK UP IN H2 - GROUP 2
Financial24 reported that, China's coal demand is expected to gradually pick up in the second half of the year, and coal output will likely grow fa ...
Monday, 20 July 09
ADANI POWER LAUNCHES IPO, AIMS HIGHER CAPACITY
Economic Times reported that, Adani Power Ltd, a power project development company, promoted by Adani Enterprise went for an initial public offering ...
Monday, 20 July 09
BANPU'S SECOND-HALF PROFIT MAY DROP ON COAL PRICES
Bloomberg Reported that, Banpu Pcl, Thailand’s biggest coal producer, expects profit to decline in the second half from the first six months a ...
|
|
|
Showing 6581 to 6585 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Grasim Industreis Ltd - India
- Salva Resources Pvt Ltd - India
- Semirara Mining and Power Corporation, Philippines
- Georgia Ports Authority, United States
- Petrochimia International Co. Ltd.- Taiwan
- Sakthi Sugars Limited - India
- Vijayanagar Sugar Pvt Ltd - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Samtan Co., Ltd - South Korea
- Pendopo Energi Batubara - Indonesia
- Wilmar Investment Holdings
- Globalindo Alam Lestari - Indonesia
- Riau Bara Harum - Indonesia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Jindal Steel & Power Ltd - India
- PowerSource Philippines DevCo
- Ind-Barath Power Infra Limited - India
- Orica Mining Services - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bhushan Steel Limited - India
- Planning Commission, India
- Siam City Cement - Thailand
- Antam Resourcindo - Indonesia
- SN Aboitiz Power Inc, Philippines
- Star Paper Mills Limited - India
- Gujarat Sidhee Cement - India
- Standard Chartered Bank - UAE
- New Zealand Coal & Carbon
- Directorate General of MIneral and Coal - Indonesia
- Essar Steel Hazira Ltd - India
- Goldman Sachs - Singapore
- PetroVietnam Power Coal Import and Supply Company
- The Treasury - Australian Government
- PNOC Exploration Corporation - Philippines
- Chamber of Mines of South Africa
- Tata Chemicals Ltd - India
- OPG Power Generation Pvt Ltd - India
- Vizag Seaport Private Limited - India
- Global Coal Blending Company Limited - Australia
- GN Power Mariveles Coal Plant, Philippines
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- India Bulls Power Limited - India
- White Energy Company Limited
- Asmin Koalindo Tuhup - Indonesia
- Jaiprakash Power Ventures ltd
- SMG Consultants - Indonesia
- Minerals Council of Australia
- Mjunction Services Limited - India
- Eastern Energy - Thailand
- GMR Energy Limited - India
- Independent Power Producers Association of India
- Intertek Mineral Services - Indonesia
- Siam City Cement PLC, Thailand
- Pipit Mutiara Jaya. PT, Indonesia
- Africa Commodities Group - South Africa
- Mintek Dendrill Indonesia
- Sindya Power Generating Company Private Ltd
- Thiess Contractors Indonesia
- Tamil Nadu electricity Board
- Australian Coal Association
- Straits Asia Resources Limited - Singapore
- Krishnapatnam Port Company Ltd. - India
- CIMB Investment Bank - Malaysia
- Electricity Generating Authority of Thailand
- Maharashtra Electricity Regulatory Commission - India
- Romanian Commodities Exchange
- Kepco SPC Power Corporation, Philippines
- Renaissance Capital - South Africa
- Uttam Galva Steels Limited - India
- Merrill Lynch Commodities Europe
- Oldendorff Carriers - Singapore
- Bukit Asam (Persero) Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- McConnell Dowell - Australia
- Chettinad Cement Corporation Ltd - India
- Global Green Power PLC Corporation, Philippines
- Sarangani Energy Corporation, Philippines
- Medco Energi Mining Internasional
- Alfred C Toepfer International GmbH - Germany
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Maheswari Brothers Coal Limited - India
- GAC Shipping (India) Pvt Ltd
- Ministry of Mines - Canada
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Attock Cement Pakistan Limited
- The University of Queensland
- Carbofer General Trading SA - India
- Kartika Selabumi Mining - Indonesia
- Commonwealth Bank - Australia
- Rio Tinto Coal - Australia
- Trasteel International SA, Italy
- IHS Mccloskey Coal Group - USA
- International Coal Ventures Pvt Ltd - India
- Miang Besar Coal Terminal - Indonesia
- GVK Power & Infra Limited - India
- Coal and Oil Company - UAE
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Energy Link Ltd, New Zealand
- Metalloyd Limited - United Kingdom
- Malabar Cements Ltd - India
- Wood Mackenzie - Singapore
- Indian Energy Exchange, India
- Ceylon Electricity Board - Sri Lanka
- Neyveli Lignite Corporation Ltd, - India
- Aboitiz Power Corporation - Philippines
- London Commodity Brokers - England
- The State Trading Corporation of India Ltd
- Indogreen Group - Indonesia
- Coalindo Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Bhoruka Overseas - Indonesia
- Kaltim Prima Coal - Indonesia
- Makarim & Taira - Indonesia
- Gujarat Electricity Regulatory Commission - India
- Manunggal Multi Energi - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Aditya Birla Group - India
- Sojitz Corporation - Japan
- Parry Sugars Refinery, India
- Australian Commodity Traders Exchange
- Holcim Trading Pte Ltd - Singapore
- CNBM International Corporation - China
- TNB Fuel Sdn Bhd - Malaysia
- Borneo Indobara - Indonesia
- Madhucon Powers Ltd - India
- Kumho Petrochemical, South Korea
- Bharathi Cement Corporation - India
- Iligan Light & Power Inc, Philippines
- Lanco Infratech Ltd - India
- Kapuas Tunggal Persada - Indonesia
- ASAPP Information Group - India
- Port Waratah Coal Services - Australia
- Xindia Steels Limited - India
- Indonesian Coal Mining Association
- Latin American Coal - Colombia
- Parliament of New Zealand
- Toyota Tsusho Corporation, Japan
- Ambuja Cements Ltd - India
- Cement Manufacturers Association - India
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Economic Council, Georgia
- Agrawal Coal Company - India
- Central Electricity Authority - India
- Global Business Power Corporation, Philippines
- Meralco Power Generation, Philippines
- Savvy Resources Ltd - HongKong
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Bulk Trading Sa - Switzerland
- Posco Energy - South Korea
- Bank of Tokyo Mitsubishi UFJ Ltd
- Bukit Baiduri Energy - Indonesia
- Offshore Bulk Terminal Pte Ltd, Singapore
- IEA Clean Coal Centre - UK
- Sree Jayajothi Cements Limited - India
- Price Waterhouse Coopers - Russia
- Bangladesh Power Developement Board
- TeaM Sual Corporation - Philippines
- Edison Trading Spa - Italy
- Therma Luzon, Inc, Philippines
- Eastern Coal Council - USA
- Karbindo Abesyapradhi - Indoneisa
- Central Java Power - Indonesia
- Ministry of Finance - Indonesia
- Kohat Cement Company Ltd. - Pakistan
- Bukit Makmur.PT - Indonesia
- Dalmia Cement Bharat India
- San Jose City I Power Corp, Philippines
- Kobexindo Tractors - Indoneisa
- Leighton Contractors Pty Ltd - Australia
- Kideco Jaya Agung - Indonesia
- Barasentosa Lestari - Indonesia
- Ministry of Transport, Egypt
- Jorong Barutama Greston.PT - Indonesia
- Electricity Authority, New Zealand
- AsiaOL BioFuels Corp., Philippines
- Orica Australia Pty. Ltd.
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Marubeni Corporation - India
- Simpson Spence & Young - Indonesia
- Bhatia International Limited - India
- Petron Corporation, Philippines
- Altura Mining Limited, Indonesia
- Binh Thuan Hamico - Vietnam
- Semirara Mining Corp, Philippines
- VISA Power Limited - India
- SMC Global Power, Philippines
- Timah Investasi Mineral - Indoneisa
- Heidelberg Cement - Germany
- PTC India Limited - India
- Bayan Resources Tbk. - Indonesia
- Singapore Mercantile Exchange
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Mercator Lines Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Indika Energy - Indonesia
- Energy Development Corp, Philippines
- Baramulti Group, Indonesia
- Anglo American - United Kingdom
- Vedanta Resources Plc - India
- Formosa Plastics Group - Taiwan
- Interocean Group of Companies - India
- South Luzon Thermal Energy Corporation
- Power Finance Corporation Ltd., India
- ICICI Bank Limited - India
- Indian Oil Corporation Limited
- MS Steel International - UAE
- European Bulk Services B.V. - Netherlands
|
| |
| |
|
